Build-out of luxury town houses
3 Luxury Town Houses in Central Windsor
- Appointed Administrators in April 2017 of development company which was
converting a grade II listed hotel into 3 luxury houses. - Moorfields appointed to take control and manage the project to completion.
- Development 60% complete on appointment.
- Oversaw complete rebuild of one house following fire damage.
- Project managed architects, build contractor, solicitors and selling agents to
maximise recoveries. - Overcame planning and statutory hurdles to obtain Building Control sign-off
within 4 months. - Recovery of £80k insurance claim following fire during pre-administraton
development phase. - Sold the properties for a total of £3.8m resulting in the first charge holder
being paid in full and achieving a 60% recovery for second charge holder